Examlex
Soft rationing should never cost the firm anything.
Trustee in Bankruptcy
An individual or entity appointed to administer the estate of a bankrupt person, managing assets and distributing them among creditors.
Chapter 7
A chapter under the U.S. Bankruptcy Code that deals with the process of liquidation, where a debtor's assets are sold off to pay creditors.
Debtor's Estate
All legal or equitable interests of the debtor in property at the time of bankruptcy filing.
Involuntary Petitions
Legal filings typically used in bankruptcy laws, forcibly initiating bankruptcy proceedings against a debtor by creditors.
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